Private equity tops Phones 4U shortlist

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A sale of the Phones 4U retail and insurance business is expected before the end of the year as the company’s private equity owners start serious discussions with a number of potential buyers.

Deutsche Bank has run an informal process to gauge interest in the business, which is owned by Providence Equity Partners, over the past few weeks and has whittled down the shortlist to a “handful” of interested parties. These include Providence’s private equity rivals Blackstone and BC Partners.

It is understood that the business will be sold as a whole, although it has had approaches from insurance companies